Glovar Development/Doral First Realty closed on the industrial property located at 10881 NW 29th Street in Miami. GSM Investment sold the property for $1.9 million or $76 per square foot to Ramon Maranguez. The property will be used as a storage and distribution center for Rymar Products, a food product company that exports and distributes its product in the area. Construction was completed earlier this month. Gloria Vargas Serrano with Glovar Development/Doral First Realty represented the buyer and seller.